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Purchase Agreement, then the principal balance of the Bonds, <br />together with interest from the date of such purchase (the <br />"Purchase Date ") at the rate of 10 1/2% per annum on such <br />principal amount from time to time remaining unpaid, shall <br />be payable in installments as follows: <br />(i) one installment of interest only <br />(computed'on the actual number of days elapsed <br />and on the basis of a 365 -day year), payable <br />on the first day of the first month following <br />the Purchase Date; followed by <br />(ii) one hundred seventy -nine (179) equal <br />installments, each in the amount of 0.915% of the <br />principal amount thereof and each including both <br />principal and interest (computed on the basis of a <br />360 -day year of twelve 30 -day months), payable on the <br />first day of the second month following the Purchase <br />Date and on the first day of each month thereafter <br />until 179 such payments shall have been made; <br />followed by <br />(iii) a final installment, payable on the <br />first day of the one hundred eighty -first (181st) <br />month following the Purchase Date, in the amount <br />of the entire unpaid principal balance of and <br />interest on the Bonds; <br />provided that under certain circumstances set forth in the Indenture <br />relating to taxability for federal income tax purposes of interest <br />on the Bonds, the holders of the Bonds may be entitled to additional <br />interest and other payments. Principal and interest and premium, <br />if any, shall be payable at the principal office of the Trustee <br />